CPG stock: buy or sell?

CPG stock price: $4.68 1.30% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

Shares of Crescent Point Energy raised a nice 1.30% and closed at $4.68. On Monday CPG rocketed an amazing 9.11%. Friday was the 3rd green day in a row, gaining 2.33%.

Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States.

Should I buy CPG stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Crescent Point Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CPG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Crescent Point Energy stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 12 ratings published for CPG stock in the last 30 days.

The general sentiment of these ratings is bullish for CPG stock, with 5 positive ratings.
Is CPG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6Barclaysn/aEqual weight
2019-9-5National Bank Financialn/aOutperform
2019-9-4Royal Bank of Canadan/aSector Perform
2019-9-4Raymond Jamesn/aMarket Perform
2019-9-4Liberum Capitaln/aBuy
2019-9-4BMO Capital Marketsn/an/a
2019-9-16BMO Capital MarketsMarket PerformOutperform
2019-7-18Royal Bank of Canadan/aHold
2019-1-7TD SecuritiesHoldBuy
2019-1-7BMO Capital MarketsHoldAverage
2019-1-18MacquarieOutperformNeutral
2019-1-10Canaccord Genuityn/aBuy

CPG stock analysis

Daily outlook

Crescent Point Energy raised a nice 1.30% and closed at $4.68.

Shares of Crescent Point Energy raised a nice 1.30% and closed at $4.68. Since price and SMA200d lines crossed up on September 3rd, CPG climbed $1.53 (48.57%). Since SMA100d and SMA200d crossed up on August, CPG price climbed $1.38 per share (41.82%). From a daily perspective, CPG is in a short term uptrend after plotting its last bottom ($2.87, on August/27) higher than the previous bottom, and its last top ($4.76, on Monday) also over the previous top. Now trading in between its last bottom and last top CPG might consolidate in a plain range, waiting to break out over $4.76 or down under $2.87.

CPG stock chart (daily)

Weekly outlook

Crescent Point Energy shares skyrocketed 9.09% this week, ending at $4.68. For 5 weeks in a row, price soared and marked a profit of 54.34%.

Weekly chart tells us that price finally broke over the resistance at $3.46 and continued climbing. Since price and SMA40w lines crossed up early September, CPG climbed $1.53 (48.57%). Since mid July when SMA20w and SMA40w crossed up, CPG price gained $1.33 per share (39.70%).

CPG stock chart (weekly)

CPG stock price history

CPG IPO was on July 21st, 2006 at $6.78 per share1. Since then, CPG stock lost a -31.00%, with a yearly average of -2.40%.

1: Adjusted price after possible price splits or reverse-splits.

CPG stock historical price chart

CPG stock reached 52-week highs on October at $6.43, and all-time highs 2014-07-01 with a price of 31.89.

CPG stock price target is $5.50

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 2 price predictions for Crescent Point Energy stock posted in the last 30 days:
CPG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-18Royal Bank of CanadaReiteratesn/a$6.00-
2019-1-7BMO Capital MarketsReiteratesn/a$5.00-
(in average)$0.00$5.500.0%
Moving in a range from $6.00 and $5.00, the price prediction for Crescent Point Energy stock is $5.50. In average, analysts' outlook on CPG price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Crescent Point Energy let down analysts on March when it posted an Earnings per Share (EPS) of $-0.02 when the market consensus was $0.09.
CPG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.22n/a
2017-Q2-n/a0.16n/a
2017-Q3-n/a-0.51n/a
2017-Q42018-03-010.08-0.05n/a
2018-Q12018-05-030.050.0980.0%
2018-Q22018-07-260.090.1566.7%
2018-Q32018-10-250.080.1137.5%
2018-Q42019-03-070.09-0.02n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an exceptional increase of 17.29% to $3,320.50 M dollars. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) collapsed a -74.43% to -78.81%.

CPG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,880 M-$145 M5.0%-
2014$3,460 M20.14%$509 M14.7%251.25%
2015$2,364 M-31.67%$-870.20 M-36.8%-271.00%
2016$2,185 M-7.60%$-932.70 M-42.7%7.18%
2017$2,831 M29.58%$-124.00 M-4.4%-86.71%
2018$3,321 M17.29%$-2,616.90 M-78.8%2,010.40%

Quarterly financial results

Crescent Point Energy posted $671.50 M in revenues for 2018-Q4, a -26.29% decline compared to previous quarter. Reported quarter earnings marked $-2,390.50 million with a profit margin of -355.99%. Profit margin plummed a -359.34% compared to previous quarter when profit margin was 3.35%. When comparing turnover to same quarter last year, Crescent Point Energy sales marked a bloodcurdling correction and plunged a -13.27%. Looking back to recent quarterly results, Crescent Point Energy posted 2 negative quarters in a row.
CPG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$693 M-$119.40 M17.2%-
2017-Q2$693 M-0.04%$83.60 M12.1%-29.98%
2017-Q3$652 M-5.83%$-270.60 M-41.5%-423.68%
2017-Q4$774 M18.72%$-56.40 M-7.3%-79.16%
2018-Q1$806 M4.12%$-90.70 M-11.3%60.82%
2018-Q2$932 M15.61%$-166.20 M-17.8%83.24%
2018-Q3$911 M-2.24%$30.50 M3.3%-118.35%
2018-Q4$672 M-26.29%$-2,390.50 M-356.0%-7,937.70%

Crescent Point Energy ownership

When you are planning to invest in shares of a company, it's worth to have a look its ownership structure.

Crescent Point Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.68% of all shares.

In case of Crescent Point Energy stock, 42.42% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CPG stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

CPGBTE
Market cap$2.6 B$937.3 M
Total shares547.6 M557.9 M
Float shares545.9 M551.2 M
  - Institutional holdings (%)42.4%29.8%
  - Insider holdings (%)0.7%1.0%
Shares in short selling0.0%0.0%

CPG summary

Friday, September 20th, 2019
Open$4.65
Close$4.68
Day range$4.62 - $4.75
Previous close$4.62
Session gain1.30%
Average true range$0.24
50d mov avg$3.38
100d mov avg$3.39
200d mov avg$3.29
Daily patternlt06a
Weekly pattern lb01c

Crescent Point Energy performance

To better understand Crescent Point Energy performance you must becnhmark its gains with other related stocks in same sector or industry. For Crescent Point Energy, the comparison is made against Array.
Stock3m6m12m
CPGCrescent Point En...41.39%42.25%-21.61%
BTEBaytex Energy5.00%-4.55%-37.31%

Crescent Point Energy competitors

Creating a list of competitors for Crescent Point Energy it's not an easy task. We selected just one public company that in our opinion is related to and can be considered Crescent Point Energy competitor: